                                 CODE OF VIRGINIA

RESERVED NAME (§ 13.1-1013)

A. A person may apply to the Commission to reserve the exclusive use of a
limited liability company name, including a designated name for a foreign
limited liability company. The limited liability company name applied for need
not comply with subsection A of &#xA7; 13.1-1012. If the Commission finds that
the limited liability company name applied for is distinguishable upon the
records of the Commission, it shall reserve the name for the applicant&#8217;s
exclusive use for a 120-day period.

B. The owner of a reserved limited liability company name may renew the
reservation for successive periods of 120 days each by filing with the
Commission, during the 45-day period preceding the date of expiration of the
reservation, a renewal application.

C. The owner of a reserved limited liability company name may transfer the
reservation to another person by delivering to the Commission a notice of the
transfer, signed by the applicant for whom the name was reserved, and specifying
the name and address of the transferee.

D. A reserved limited liability company name may be used by its owner in
connection with (i) the formation or an amendment to change the name of a
domestic stock or nonstock corporation, limited liability company, business
trust, or limited partnership; (ii) an application for a certificate of
authority or registration to transact business in the Commonwealth as a foreign
stock or nonstock corporation, limited liability company, business trust, or
limited partnership; or (iii) an amended application for such authority or
registration, provided that the proposed name complies with the provisions of
&#xA7; 13.1-630, 13.1-762, 13.1-829, 13.1-924, 13.1-1012, 13.1-1054, 13.1-1214,
13.1-1244, 50-73.2, or 50-73.56, as the case may be.

HISTORY: 1991, c. 168; 2006, c. 505; 2015, c. 444.